Park Hotels & Resorts Inc PK

Park Hotels & Resorts, Inc. is a real estate investment trust that engages in the development and management of lodgings such as hotels and resorts. The company was established in 2017 following its spin-off from Hilton. Park Hotels & Resorts is headquartered in Tysons, Virginia, and operates locally throughout the United States. This organisation has branded hotels and resorts in prime locations such as San Fransisco, Boston, Miami, and Los Angeles.

The company’s portfolio includes brands such as Hilton and Marriott and Hyatt. As of February 2022, the Park Hotels & Resorts portfolio consisted of approximately 32,000 rooms in 54 hotels and resorts throughout prime US locations. More than 85% of this portfolio is in the luxury and upper-upscale segments. The majority of assets are located in the central business districts of major cities or resort or conference destinations.

In 2019, Park Hotels & Resorts acquired the Chesapeake Lodging Trust for $1bn. The company has a social responsibility agenda through which it aims to consider the environmental and social impacts of its developments. Park Hotels & Resorts trades on the NYSE under the PK stock ticker.

Receive news and updates on the PK share price by adding this stock to your eToro watchlist.